Jabil (NYSE:JBL) Director Sells $270,000.00 in Stock

Jabil, Inc. (NYSE:JBL) Director Anousheh Ansari sold 1,000 shares of Jabil stock in a transaction dated Tuesday, March 24th. The stock was sold at an average price of $270.00, for a total value of $270,000.00. Following the completion of the sale, the director owned 33,800 shares in the company, valued at approximately $9,126,000. The trade was a 2.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Anousheh Ansari also recently made the following trade(s):

• On Thursday, January 15th, Anousheh Ansari sold 500 shares of Jabil stock. The stock was sold at an average price of $252.00, for a total value of $126,000.00.
• On Tuesday, January 13th, Anousheh Ansari sold 500 shares of Jabil stock. The shares were sold at an average price of $240.00, for a total value of $120,000.00.

Jabil Price Performance

Shares of NYSE:JBL traded up $5.58 during trading on Wednesday, reaching $282.96. The stock had a trading volume of 1,100,778 shares, compared to its average volume of 1,216,820. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.68 and a current ratio of 1.01. The business has a fifty day moving average price of $254.51 and a 200-day moving average price of $229.45. The stock has a market cap of $29.88 billion, a PE ratio of 37.98, a PEG ratio of 1.46 and a beta of 1.22. Jabil, Inc. has a 1-year low of $108.66 and a 1-year high of $283.76.

Jabil (NYSE:JBL) last posted its quarterly earnings data on Wednesday, March 18th. The technology company reported $2.69 EPS for the quarter, beating the consensus estimate of $2.51 by $0.18. The firm had revenue of $8.28 billion during the quarter, compared to the consensus estimate of $7.75 billion. Jabil had a return on equity of 80.96% and a net margin of 2.48%.The firm’s revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.94 EPS. On average, equities analysts forecast that Jabil, Inc. will post 8.05 earnings per share for the current fiscal year.

Jabil Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 3rd. Stockholders of record on Tuesday, February 17th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Tuesday, February 17th. Jabil’s dividend payout ratio is 4.30%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JBL. JPMorgan Chase & Co. boosted their price target on shares of Jabil from $270.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, March 12th. Raymond James Financial reissued a “strong-buy” rating on shares of Jabil in a research note on Thursday, December 18th. The Goldman Sachs Group restated a “buy” rating and set a $282.00 target price on shares of Jabil in a report on Thursday, January 15th. Bank of America upped their price target on Jabil from $280.00 to $295.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Finally, Wall Street Zen raised Jabil from a “buy” rating to a “strong-buy” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Jabil presently has an average rating of “Moderate Buy” and an average target price of $283.25.

Hedge Funds Weigh In On Jabil

A number of institutional investors have recently bought and sold shares of JBL. PenderFund Capital Management Ltd. grew its stake in shares of Jabil by 3.3% in the 4th quarter. PenderFund Capital Management Ltd. now owns 1,257 shares of the technology company’s stock valued at $287,000 after buying an additional 40 shares during the period. Savant Capital LLC raised its position in shares of Jabil by 0.9% during the 3rd quarter. Savant Capital LLC now owns 5,828 shares of the technology company’s stock valued at $1,266,000 after buying an additional 54 shares during the period. Brown Brothers Harriman & Co. raised its position in shares of Jabil by 1.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,900 shares of the technology company’s stock valued at $630,000 after buying an additional 54 shares during the period. TD Private Client Wealth LLC lifted its holdings in Jabil by 11.2% in the third quarter. TD Private Client Wealth LLC now owns 584 shares of the technology company’s stock valued at $127,000 after acquiring an additional 59 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC lifted its holdings in Jabil by 2.1% in the third quarter. Measured Wealth Private Client Group LLC now owns 2,823 shares of the technology company’s stock valued at $613,000 after acquiring an additional 59 shares during the last quarter. 93.39% of the stock is owned by hedge funds and other institutional investors.

About Jabil

Jabil Inc (NYSE: JBL) is a global manufacturing solutions provider specializing in electronic manufacturing services (EMS) and diversified products across a wide range of industries. The company partners with original equipment manufacturers to deliver design engineering, supply chain management, precision manufacturing, and aftermarket services. Jabil’s expertise spans sectors such as healthcare, automotive, clean technology, telecommunications, consumer electronics, and packaging, enabling it to support both high-volume production and complex, mission-critical applications.

Founded in 1966 by William E.